>>60907110
their biggest flagship product right now is Silverseal wound dressing, that's to Cintas as their customer

that said, they do more beyond electron beam hydrogels, it's been a pretty boring medical company for a couple decades until they got spun-off into a public company and management replaced with turnaround CEO already doing M&A's <$20 million market cap and well it was worth it
they did like 3 raises while they're still negative cashflow, not ideal but at least they weren't actually done to keep the lights on -> acquire silly george + kenkoderm brands -> 3rd one was to sustain growth because silly george was growing too fast, Otherwise they're supposed to reach positive cashflow by their fiscal Q4 , so 2 quarters, but that's a low bar to reach, given the equipment/etc is prob $10 million for them, depreciation will keep them "negative" until they hit at least 30-40% capacity

Stada gave them $1 million non-dilutive funding to help onboard their products -> non-dilutive as in like no interest just recoup the cost 5% off their future sales until it's paid off
honestly yes the numbers look ok, like less than 2x price-to-sales ratio but it's really the fact that multiple multi-billion giants are doing business with them because they're currently the only choice for electron beam hydrogels in North America. The other one is too big to care about this small growing market and they are actually a customer as well of electron beam hydrogels because they dont want to take their own hydrogel line offline (for their established product) and need to contract out smaller batches to electron beam hydrogels